The Obama administration approves ConocoPhillips-led (COP +0.3%) Freeport LNG as the second U.S....

|About: ConocoPhillips (COP)|By:, SA News Editor

The Obama administration approves ConocoPhillips-led (COP +0.3%) Freeport LNG as the second U.S. liquefaction project to gain federal approval to export chilled natural gas to countries without free trade agreements with the U.S. The decision is an important harbinger for the remaining 19 applications to export gas to non-FTA countries.